We present first evidence how individual risk preferences shape entrepreneurial investment among the very wealthy using … ways strongly determined by individual risk tolerance. Since the wealthy dominate aggregate risky investment, their risk … standard measure of risk tolerance. We find that wealthy individuals are more likely to be entrepreneurs and invest a larger …

The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this … paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under … capital stock and, explicitly, of stochastic changes on the interest rate-investment hysteresis. Starting with hysteresis …

easing entrepreneurial investments for credit-constrained individuals whose investment possibilities depend on their income … entrepreneurial elite, resulting in economic policy and institutions which are more conducive to entrepreneurship and productivity … evidence on transition economies. -- credit constraints ; distribution ; economic development ; entrepreneurship ; institutions …

endogenous firing as well as a short-time work decision. In recessions, short-time work reduces the unemployment risk of workers …

-developed countries (LDCs) - induce tax avoidance, discourage investment in formal businesses, and drive the entrepreneurial activity …

households and lower investment by firms, and hence leads to lower aggregate investment and growth. This paper argues that … although risk can be measured, uncertainty cannot be measured. Even though risk can be measured, a simple symmetric measure … attempt at "measuring" risk or (fundamental) uncertainty is flawed. …

developing countries see insufficient investment in projects that would reallocate labor towards better jobs. The concept of JLEs … investment. This paper shows that the optimal way to allocate subsidies to offset JLEs is through a competitive bidding process …

larger share of equity in their investment portfolio. This relation holds when we control for economic preferences and … this relation is driven by a link between internal economic locus of control and a lower perception of the risk of …

firms to cut investment, employment, and borrowing. We conclude that financial market fluctuations affect even private firms …

abroad as the main source of financing. The paper then offers, for the first time, a detailed account of the financial costs … transformation of lower-income countries by enabling credit-constrained workers to enter into non-agricultural entrepreneurship. …